Archive for the buying or selling a home in Portland Oregon Category

July 2014 Portland Metro Real Estate Update!

July21
"Summertime" - Norah Jones It’s Summertime in Oregon, when we enjoy some of the best weather on the planet!!! I’m a little late with this month’s market review, so I’ll keep this short and sweet. It’s been a busy month! In real estate, it’s more of the same, a “steady-eddy” market that seems solid, stable and reasonable. We are holding steady for the 3rd month in a row at 2.8 months of inventory.   BUYERS: What does this mean for buyers? The Federal Reserve officials agreed at June’s meeting to end their bond-buying program in October, putting an explicit end … Read More

Set Up Your Own Accelerated Mortgage Pay-Off Plan!!!

July1
"Tighten Up" - The Black Keys This is a re-posting of an article written by Clark Howard, a nationally-syndicated consumer expert who shows consumers ways to save more, spend less and avoid getting ripped off. His radio show is heard every day on more than 200 radio stations throughout North America. Go to www.clarkhoward.com for more!   Have you received an offer in your mailbox promising that you could save $10,000, $20,000 or even $30,000 on your mortgage by getting set up on a bi-weekly payment plan? It sounds appealing, but there's a much smarter way to approach bi-weekly… Read More

What is Escrow? Understanding the Escrow Process!

June14
"Don't Worry, Be Happy" - Bobby McFerrin An escrow is an arrangement in which a neutral third party (the escrow agent) assembles and processes many of the components of a real estate transaction, record the trisection and ultimately, disburses and distributes the funds according the buyers', seller' and lender' instructions.  Your traction is typically closed by an Escrow Officer.  People buying and selling real estate usually open an escrow for their protection and convenience.  Both the buyer and seller rely on the escrow agent to carry to their written instructions relating to the t… Read More

What is Title Insurance?

June6
Led Zeppelin - What is and What Should Never Be Whether you are a buyer or a seller, attempting to clarify and/or compare your closing costs can be a challenge!  Many times I am asked "exactly what is title insurance and what does it do for me"???  As a seller, it can be a relatively large line item (following your loan pay-off and Realtor fees) and as a buyer it can be a smaller (albeit still a component) of your over-all closing costs. Title is a bundle of rights in real property.  Protecting purchasers and lenders against loss is accomplished by the issuance of a title insurance … Read More